Considering the balance sheet for all commercial banks in the U.S., the largest category of assets is:
A. required reserves.
B. cash items.
C. U.S. Government Securities.
D. loans.
Answer: D
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A decrease in government transfer payments
A) increases aggregate demand. B) increases the aggregate quantity demanded. C) decreases the aggregate quantity demanded. D) decreases aggregate demand.
The federal government debt ________ when the federal government runs a deficit and ________ when the federal government runs a surplus
A) increases; increases B) decreases; decreases C) increases; decreases D) decreases; increases
Suppose all firms in a competitive market are currently in both short-run and long-run equilibrium. What impact will a lump sum tax have on each firm in the short run? in the long run?
What will be an ideal response?
Under perfect competition, the lure of profits makes producers try to equate marginal cost and price.
Answer the following statement true (T) or false (F)